ETHBTC: Ethereum downtrend expires by the 22nd
Atualizado
Monitor price action from here onwards, we have 2 more 2 day bars left.
If we don't have a new low, we might form an uptrend continuation setup.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
If we don't have a new low, we might form an uptrend continuation setup.
- Going long from this level might be a good opportunity (I'm already in from a bit lower, but it was a riskier entry).
- Risk a 15 to 25% decline for a potential rally to 0.075 in the coming weeks.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Nota
BTC started to accelerate, updating charts. The USD value of ETH is doing fine, but relative strength wise, BTC is outperforming it slightly now.Nota
One more bar to confirm that we're basing here.Nota
We could be seeing a double bottom here, wait for the closed bar and the time to expire before going long.Nota
It's safe to go long ETH now.Determine your position size based on 1-3 times the daily ATR. (I don't reccomend stops, nor leverage)
Trade ativo
Trade fechado manualmente
I'd stand aside for now. Ethereum is acting like 'lack of interest' in it, due to the BTC rally.Might consolidate for an extended period of time, not worth it to risk money on it now. I'll hold mine as a hedge to BTC, since it's a small position but I wouldn't advise you to buy now expecting any kind of move. (nor to short)
Nota
Today's action is promising, we can look to enter longs again.Nota
I'll make a new publication.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.